Transcorp Power Plc

NGSE:TRANSPOWER Stock Report

Market Cap: ₦2.0t

Transcorp Power Past Earnings Performance

Past criteria checks 2/6

Transcorp Power has been growing earnings at an average annual rate of 38.6%, while the Electric Utilities industry saw earnings growing at 24.8% annually. Revenues have been growing at an average rate of 12.8% per year. Transcorp Power's return on equity is 41.2%, and it has net margins of 22.8%.

Key information

38.56%

Earnings growth rate

-133.60%

EPS growth rate

Electric Utilities Industry Growth7.32%
Revenue growth rate12.78%
Return on equity41.16%
Net Margin22.84%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update Apr 28

TRANSCORP POWER PLC Reports Strong FY 2025 Revenue Growth with Improved Profitability and Balance Sheet Expansion

Analyst: Qudus Adebara Executive Summary Transcorp Power Plc delivered a strong financial performance for the year ended 31 December 2025, driven by robust growth in energy delivered revenue, improved operational efficiency, and stable cost management. Revenue rose to ₦398.3 billion, representing a 30.2% YoY increase from ₦305.9 billion in FY 2024, underpinned by higher energy offtake and improved billing from both local and international customers.
Narrative Update Feb 08

Transcorp Power Plc 9M 2025 – Strong Profit Growth Driven by Operational Efficiency and Strategic Investments

Transcorp Power Plc continues to demonstrate strong operational resilience and profit growth momentum in FY2025, driven by robust revenue expansion, disciplined cost management, and improving energy generation capacity. For the nine-month period ended September 2025, revenue increased 38% YoY to ₦308.5 billion , supported by higher energy dispatch levels and efficiency gains from generation assets.
Narrative Update Nov 12

Transcorp Power Plc 9M 2025 – Strong Profit Growth Driven by Operational Efficiency and Strategic Investments

Executive Summary Transcorp Power Plc delivered a robust performance for the nine months ended 30 September 2025 , with revenues increasing by 38% YoY to ₦308.54 billion (from ₦223.56 billion in 9M 2024), reflecting higher electricity generation and improved contractual operations. Gross profit rose 24% YoY to ₦119.67 billion , supported by cost optimization initiatives and efficient management of cost of sales.
Narrative Update Oct 13

Transcorp Power Plc Q2/H1 result– Resilient Earnings Growth Despite Margin Pressure

Based on Q3 Result

Revenue & Expenses Breakdown

How Transcorp Power makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:TRANSPOWER Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26387,41888,47535,2740
31 Dec 25398,26891,41731,4040
30 Sep 25390,92890,19231,3540
30 Jun 25376,30986,88130,9740
31 Mar 25343,52490,39326,4490
31 Dec 24305,94480,01322,8480
30 Sep 24277,24068,21015,1660
30 Jun 24221,63255,20214,7900
31 Mar 24182,01846,96911,2390
31 Dec 23142,12230,2349,3270
31 Dec 2290,34917,2834,0550

Quality Earnings: TRANSPOWER has a high level of non-cash earnings.

Growing Profit Margin: TRANSPOWER's current net profit margins (22.8%) are lower than last year (26.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: TRANSPOWER's earnings have grown significantly by 38.6% per year over the past 5 years.

Accelerating Growth: TRANSPOWER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TRANSPOWER had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Electric Utilities industry average (-2.1%).


Return on Equity

High ROE: TRANSPOWER's Return on Equity (41.2%) is considered outstanding.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 05:43
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Transcorp Power Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.